The EURUSD keeps its positive stability – Analysis - 08-07-2020
Economies.com
2020-07-08 04:31AM UTC
The EURUSD pair settles above 1.1270 level, as the EMA50 meets this support to add more strength to it, while stochastic shows oversold signals, which supports the chances of bouncing bullishly to resume the expected bullish trend on the intraday and short term basis, which its next target located at 1.1420.
On the other hand, we should note that breaking 1.1270 and holding below it will put the price under negative pressure that targets 1.1175 areas initially.
The expected trading range for today is between 1.1200 support and 1.1380 resistance.
The expected trend for today: Bullish
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